The Obama regime is drawing up final plans to create a massive database and give access to it to government agencies. What will be in this new database?:
The Obama administration is drawing up plans to give all U.S. spy agencies full access to a massive database that contains financial data on American citizens and others who bank in the country, according to a Treasury Department document seen by Reuters.
The proposed plan represents a major step by U.S. intelligence agencies to spot and track down terrorist networks and crime syndicates by bringing together financial databanks, criminal records and military intelligence. The plan, which legal experts say is permissible under U.S. law, is nonetheless likely to trigger intense criticism from privacy advocates.
I guess due process and asking a judge for a warrant to get this information is apparently a thing of the past in this new “changed” America. With the continuing reckless disregard of the Constitution and traditional American liberties by the Obama regime, at this point the University of Chicago should offer full refunds to anyone who ever took a Constitutional law class taught by Barack Obama. But I digress.
The database is compiled by banks and other financial institutions who report “suspicious financial activity” to the Treasury Department:
Financial institutions that operate in the United States are required by law to file reports of “suspicious customer activity,” such as large money transfers or unusually structured bank accounts, to Treasury’s Financial Crimes Enforcement Network (FinCEN).The Federal Bureau of Investigation already has full access to the database.